Texas Instruments to Acquire GO DSP Corporation Acquisition Expands TI's Extensive DSP Software Offering
DALLAS, Dec. 18 /PRNewswire/ -- Texas Instruments (NYSE: TXN - news) today announced that it has entered into an
agreement to purchase GO DSP Corporation, a leading provider of digital signal processing (DSP) software tools. This
acquisition helps TI further expand its extensive software offering to provide customers with more complete digital signal
processing solutions. Terms of the agreement were undisclosed.
GO DSP, headquartered in Toronto, Canada, is a privately held company that specializes in advanced, fully integrated
software tools, which allow DSP system developers to improve productivity and reduce time to market. The company is an
industry leader with the only fully integrated programming environment with a graphical user interface. This technology
complements TI's strong DSP performance and extends its ease-of-use advantage.
Digital signal processors are powerful, specialized semiconductors that are ideal for very fast, math-intensive computing. Used
in a variety of electronic end equipment like cellular phones, modems and hard disk drives, the DSP market is projected to
grow at a compounded annual growth rate of about 35 percent per year over the next five years, according to market
research firm Forward Concepts.
''As the products of the future become more sophisticated, software within a DSP system takes on a greater significance and
makes the expertise we're getting with GO DSP invaluable,'' said Mike Hames, SC vice president and worldwide manager of
DSP. ''This puts in place additional capabilities to make it easier for our third-party network and customers to develop the
multitude of emerging DSP applications.''
''We have had a successful working relationship with TI since our inception,'' said Greg Da Silva, president, CEO and one of
the founders of GO DSP. ''Our joining forces as one company will give us a substantial lead in establishing a framework for
building software applications for DSPs.''
GO DSP's products include Code Composer(TM) and Code Explorer. The company was established in 1994 and employs
15 full-time professionals. GO DSP will remain in Canada and will become a wholly-owned subsidiary of Texas Instruments.
TI has made a number of strategic investments in support of digital signal processing solutions. Acquisitions have included SSi,
Tartan and Intersect Technologies, which brought TI additional expertise in the areas of hard-disk drives/mass storage and
DSP software tools. Recently, TI announced a $100 million venture fund to seed new markets related to digital signal
processing, and $25 million for additional university research in DSP. Last September, TI formally opened a $150 million
research and development center in Dallas that will serve as the technology base for the ongoing creation of leading-edge
digital signal processing solutions.
Texas Instruments Incorporated is a global semiconductor company and the world's leading designer and supplier of digital
signal processing solutions, the engines driving the digitization of electronics. Headquartered in Dallas, Texas, the company's
businesses also include calculators, productivity products, controls and sensors, metallurgical materials and digital light
processing technologies. The company has manufacturing or sales operations in more than 25 countries.
Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the
World Wide Web at ti.com.
GO DSP Corporation's objective is to provide advanced and easy to use DSP software development tools to boost
performance and minimize time to market for DSP-based products. By focusing on simplifying the designer's daily
development activities, GO DSP's innovative tools offer a previously unavailable level of functionality, promoting a more
efficient development process that maximizes developers' creativity and productivity, while minimizing debugging time.
Code Composer is a trademark of GO DSP Corporation.
SOURCE: Texas Instruments Incorporated |
